ScoreWhy is Nihon Kohden Corp. ?
1
Weak Long Term Fundamental Strength with a 3.71% CAGR growth in Net Sales over the last 5 years
2
Poor long term growth as Net Sales has grown by an annual rate of 3.71% over the last 5 years
3
Negative results in Jun 26
- INTEREST(HY) At JPY 226 MM has Grown at 13%
- INTEREST COVERAGE RATIO(Q) Lowest at 535.09
- NET SALES(Q) Lowest at JPY 47,405 MM
4
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -8.40% returns in the last 1 year, the stock has also underperformed Japan Nikkei 225 in each of the last 3 annual periods
Real-Time Research ReportHow much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Pharmaceuticals & Biotechnology)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Nihon Kohden Corp. for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Nihon Kohden Corp.
-8.4%
-1.04
31.53%
Japan Nikkei 225
43.52%
1.48
29.43%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
3.71%
EBIT Growth (5y)
-3.54%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.10
Sales to Capital Employed (avg)
1.18
Tax Ratio
26.90%
Dividend Payout Ratio
35.85%
Pledged Shares
0
Institutional Holding
0.74%
ROCE (avg)
17.81%
ROE (avg)
11.13%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
16
Industry P/E
Price to Book Value
1.35
EV to EBIT
11.28
EV to EBITDA
8.97
EV to Capital Employed
1.39
EV to Sales
0.93
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
12.30%
ROE (Latest)
8.32%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Mildly Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Bullish
Mildly Bullish
Dow Theory
Mildly Bullish
Mildly Bearish
OBV
Bullish
Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend6What is working for the Company
OPERATING CASH FLOW(Y)
Highest at JPY 23,285 MM
RAW MATERIAL COST(Y)
Fallen by -2.13% (YoY
INVENTORY TURNOVER RATIO(HY)
Highest at 1.95 times
DEBTORS TURNOVER RATIO(HY)
Highest at 4.22 times
-21What is not working for the Company
INTEREST(HY)
At JPY 226 MM has Grown at 13%
INTEREST COVERAGE RATIO(Q)
Lowest at 535.09
NET SALES(Q)
Lowest at JPY 47,405 MM
OPERATING PROFIT(Q)
Lowest at JPY 610 MM
OPERATING PROFIT MARGIN(Q)
Lowest at 1.29 %
PRE-TAX PROFIT(Q)
Lowest at JPY -311 MM
NET PROFIT(Q)
Lowest at JPY -756 MM
EPS(Q)
Lowest at JPY -4.73
Here's what is working for Nihon Kohden Corp.
Operating Cash Flow
Highest at JPY 23,285 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (JPY MM)
Inventory Turnover Ratio
Highest at 1.95 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Debtors Turnover Ratio
Highest at 4.22 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Raw Material Cost
Fallen by -2.13% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Nihon Kohden Corp.
Pre-Tax Profit
At JPY -311 MM has Fallen at -156.96%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is very negative
Pre-Tax Profit (JPY MM)
Net Profit
At JPY -756 MM has Fallen at -548.89%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is very negative
Net Profit (JPY MM)
Interest
At JPY 226 MM has Grown at 13%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Interest Coverage Ratio
Lowest at 535.09
in the last five periodsMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Net Sales
Lowest at JPY 47,405 MM
in the last five periodsMOJO Watch
Near term sales trend is negative
Net Sales (JPY MM)
Operating Profit
Lowest at JPY 610 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is negative
Operating Profit (JPY MM)
Operating Profit Margin
Lowest at 1.29 %
in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
Pre-Tax Profit
Lowest at JPY -311 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (JPY MM)
Net Profit
Lowest at JPY -756 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is negative
Net Profit (JPY MM)
EPS
Lowest at JPY -4.73
in the last five periodsMOJO Watch
Declining profitability; company has created lower earnings for shareholders
EPS (JPY)
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